Abu Dhabi - Mubasher: The Sharjah Islamic Bank (SIB) said today that it is scheduled to hold an ordinary general meeting on 27 February.
Shareholders will discuss board of directors’ proposal of distributing cash dividends of about AED 242.500 million, or 10% of capital, at 10 fils per share.
They will also adopt amendments to the corporate charter in accordance with the Federal Law of 2015.
The bank’s financial statements showed that it achieved growth in its net profits during 2015 by 9%, to reach AED 410 million, compared to AED 377.18 million in the same period of 2014.
SIB is capitalised at AED 2.4 billion, with a par value of AED 1 per share
The board earlier recommended distributing cash dividends for FY14 by 10%, or 10 fils per share, with a total value AED 242.6 million.
